EXHIBIT 12.1
AVIV REIT, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| Year Ended December 31, | Nine Months Ended September 30, | |||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | |||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Net income | $ | 16,874,193 | $ | 33,680,631 | $ | 37,982,720 | $ | 11,313,124 | $ | 8,593,429 | $ | 12,031,159 | ||||||||||||
Add: Fixed Charges | 26,869,721 | 27,373,757 | 23,787,960 | 39,308,018 | 52,034,714 | 32,460,308 | ||||||||||||||||||
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Earnings (A) | $ | 43,743,914 | $ | 61,054,388 | $ | 61,770,680 | $ | 50,621,142 | $ | 60,628,143 | $ | 44,491,467 | ||||||||||||
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Fixed charges: | ||||||||||||||||||||||||
Interest expensed and capitalized | $ | 26,333,101 | $ | 26,823,430 | $ | 22,779,901 | $ | 36,643,084 | $ | 48,906,645 | $ | 30,219,574 | ||||||||||||
Amortized premiums discounts and capitalized expenses related to indebtedness | 536,620 | 550,327 | 1,008,059 | 2,664,934 | 3,128,069 | 2,240,734 | ||||||||||||||||||
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Fixed charges (B) | $ | 26,869,721 | $ | 27,373,757 | $ | 23,787,960 | $ | 39,308,018 | $ | 52,034,714 | $ | 32,460,308 | ||||||||||||
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Ratio of earnings to fixed charges ((A) divided by (B)): | 1.63 | x | 2.23 | x | 2.60 | x | 1.29 | x | 1.17 | x | 1.37 | x | ||||||||||||
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